The Federal Government, has proposed to spend N6.6B on the purchase of new trains under the budgetary allocation of the Nigerian Railway Corporation in the 2024 fiscal year.
A total sum of N40.3B was allocated for construction of railways in the country.
The figure which is part of FG’s executive proposal in the 2024 Appropriation Bill also earmarked over N80.714 billion for the parent Ministry of Transportation.
Of that figure, while Transport Ministry headquarters gets N48.036 billion, NRC gets N24.044 billion, Nigerian Institute of Transport is to get N4.912 billion and Federal University of Transportation, Daura, Katsina State, is to receive over N3.71 billion.
Also, on the line items under the Ministry of Transport,
Furthermore, other details of the allocation reveals that the Ministry will be spending over N63 million on refreshment and meals, welfare packages, sporting activities, among other listed items.
About, N33 billion was earmarked for railway projects on: Abuja-Kaduna, completion of Lagos-Ibadan and its associated additional works.
Others are: the rehabilitation of Itakpe-Ajaokuta rail line and construction of 12 NOS Station Building and tracks laying works at railway ancillary facilities area Agbor, among others, were listed.
